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Corporate Sustainability Reporting Directive

The European Union’s Corporate Sustainability Reporting Directive (CSRD) will require more stringent environmental, social and governance (ESG) reporting requirements for thousands of organisations. Is your organisation ready?

The CSRD could transform how companies report on Sustainability; it will apply to many companies not previously subject to mandatory Sustainability Reporting and will require companies to go far beyond what they report today. These companies will need to produce disclosures in line with the European Sustainability Reporting Standards (ESRS), which require companies to report on a broad range of Sustainability topics, not just climate. The ‘double materiality’ approach will also mean companies need to report on how Sustainability risks and opportunities affect their performance, position and development from both a financial and impact perspective.

Key implications for your organisation


  • Approximately 50,000 companies are expected to be affected by CSRD and large companies in scope will have to apply the new rules as early as 2025, for financial years beginning on or after 1 January 2024.
  • Companies listed on an EU-regulated market will be subject to these new Sustainability Reporting requirements, with the CSRD extending to certain non-EU undertakings that are not listed on an EU regulated market, but have significant activity in the EU.
  • The CSRD directive not only requires climate change disclosures, but broader environmental, social and governance (ESG) metrics.
  • The CSRD also requires assurance on the Sustainability information that companies report.

The CSRD means that Sustainability Reporting requirements will likely be more stringent than ever. Early preparation is key as some disclosure requirements will require significant time and resources. Get in contact today.

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